According to information reported by Bloomberg, employees of FTX.US would seek to sell certain assets of the group without the presence of Sam Bankman-Fried in the negotiations. The stock trading company Embed and the agreement with the Miami NBA team would be affected.
FTX.US possessions put up for sale by employees?
This is information relayed by our colleagues at Bloomberg that should be interpreted with caution. FTX.US employees would proceed the sale of certain assets of the company without the presence of Sam Bankman-Fried in the negotiations.
These revelations would have been made by “two people close to the file» remained anonymous. One of the assets concerned would be Embed, a platform specializing in stock trading which had been acquired last June by FTX.US.
This would also be the case when it comes to the 19-year partnership with NBA team Miami and their basketball hall now renamed the FTX Arena.
Also according to Bloomberg, Miami-Dade County, which was to receive $90 million through this partnership, “will explore all legal remediesif FTX cannot meet its commitments.
He is of course difficult to fully affirm the veracity of these statements, so much the noise around this affair is strong. But what is certain is that the SBF empire will not recover unscathed from this bad patch, and that the group will indeed have to make concessions if it hopes to save the investments of all of its customers.
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Source: Bloomberg
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